Gandhi Slams PM, accuses him of taking bribe from Sahara and Birla Group

Rahul Gandhi accused Prime Minister Narendra Modi on Monday at a rally in Mahesana, Gujrat. He charged PM to have received money from Sahara and Birla groups before the 2014 general elections.

Addressing this allegation in Prime Minister’s home state, Gandhi further clarified that the Income Tax department has official documents to prove that Modi received 40 crores which were paid to him in nine components during Gujarat Chief Ministership.

All this came after Gandhi stated to possess evidence against Modi in the light of ‘corruption’. He claimed to raise this issue soon.

“During that raid, I-T department found some documents, which are on record. I want to share with you the contents of those documents. There were several entries in those documents, which I am reading out before you,” he said.  He then alleged that another record suggests that Birla Group gave Rs 12 crore to ‘Gujarat Chief Minister’.

Shortly after Gandhi’s accusation, Union Minister Ravi Shankar Prasad slammed these allegations by calling it ‘baseless, shameful and mala fide’.

Party spokesperson G V L Narsimha Rao further slammed the allegations saying, “People of India have stopped taking him seriously. Rahul Gandhi is just bluff and bluster. There is no substance in what he says. He is just showing his and his party’s incompetence”.

 

Sources: Economic TimesIndian Express

Image source: AP

 

Political Parties WILL be under Income Tax scrutiny : Arun Jaitley

 

Saturday, December 17: Union Finance Minister Arun Jaitley denied the accusation on the government for granting tax exemptions to political parties after demonetisation on Saturday. He termed such statements as ‘false’ and ‘misleading’.

In a statement released by the Finance Ministry, he clarified that the Taxation Laws (Second Amendment) Act, 2016, which recently came into force, is applicable on political parties too.  They will have to submit the audited accounts and details as per Section 13A of I-T Act, 1961.

Jaitley justified that parties can deposit the old scrapped currency in their respective bank accounts till December 30, just like the common man. They will also have to explain the source of the income deposited. Additionally, they will be liable to query by the Income-tax Authority in case of discrepancies.

Political parties have to maintain a record of the name and address of contributors above Rs 20,000. This amount shall be deducted from the deposits during verification.

The announcement came as a backlash to the media, as Jaitley asked the fourth estate for a thorough research before accusing the government. He said, “There is no question of sparing anyone, no political party is given special tax treatment.”

The clarification came after the Central Board of Direct Taxes reported that political parties won’t be scrutinized for tax return.

SOURCES: TOI, The Indian Express